Bulls Need Close Above $1.3462 *RES.....>

CABLE TECHS: Bulls Need Close Above $1.3462

*RES 4: $1.3549 High Nov 30 

*RES 3: $1.3519 High Dec 8 

*RES 2: $1.3462 High Dec 14 

*RES 1: $1.3418 High Dec 18

*PRICE: $1.3391 @ 0530GMT

*SUP 1: $1.3372 Hourly resistance Dec 19 now support 

*SUP 2: $1.3300 Low Dec 15 

*SUP 3: $1.3260 55-DMA 

*SUP 4: $1.3202 100-DMA

*COMMENTARY: Bulls take comfort in yet another bounce from around the $1.3300

level but lower daily highs on bounces are less than ideal. Bears now look for a

close below $1.3202 to confirm breaks of key DMAs and the bull channel base,

shifting focus to $1.2992-1.3037 where the 200-DMA ($1.3004) is located. Bulls

need a close above $1.3462 to gain breathing room and above $1.3549 to confirm

focus on tests of 2017 highs ($1.3656).